Top Stocks to Watch On August 12: Adani Enterprises, Aurobindo Pharma, Jubilant FoodWorks, Shipping Corporation, CESC, Sun TV, Suven Pharma

Top Stocks to Watch On August 12: On August 12, the stock market continues to trade in the green.

Let’s check out the top stocks that you should watch today that can give you high returns.

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Adani Enterprises

Hindenburg Research a US-based investment research firm has criticized SEBI chairperson Madhabi Buch and her husband, Dhaval Buch that they had ties to mysterious offshore funds that were used in the Adani money-laundering scandal.

In a statement, Hindenburg said, “SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities.”

Aurobindo Pharma

The pharmaceutical company reported that its consolidated net profit went up by 61% year on year to Rs 919 crore in the June quarter. The company also reported that in the last June quarter, it made a net profit of Rs 571 crore.

The company revenue also went up to Rs 7,567 crore in the first quarter from Rs 6,851 crore last year same quarter.

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Jubilant FoodWorks

The food service company reported that its net profit decreased by 31.4% year-on-year to Rs 51.5 crore in the June quarter. In the corresponding period last year, the company made a net profit of Rs 75.1 crore.

Shipping Corporation

The shipping company reported that its net profit rose by 69.9% year-on-year to Rs 291.5 crore in the June quarter. Last year in the same period, the company made a net profit of Rs 171.6 crore.

The revenue also increased by 26.2% to Rs 1,514.3 crore from Rs 1,200.1 crore in the year-ago period.

CESC

The power company reported that its net profit went up by 5.4% year-on-year to Rs 388 crore in the first quarter. In the corresponding quarter last year, the company made a net profit of Rs 368 crore.

CESC reported that its revenue also went up by 12.8% to Rs 4,863 crore from Rs 4,310 crore in the same quarter last year.

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Sun TV

In the first quarter, the company’s net profit went down by Rs 5.5% year-on-year to Rs 559.8 crore from Rs 592 crore in the same period last year.

The company revenue also went down by 2.7% to Rs 1,312.4 crore from Rs 1,349.2 crore in a year ago period.

Suven Pharma

The company's net profit went down by 49.6% year-on-year to Rs 60.8 crore in the June quarter. In the same quarter last year, the company made a net profit of ₹120.6 crore.

The company’s revenue also declined by 33.6% to Rs 230.7 crore from 347.6 crore.

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